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tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're ac
tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate....
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cliff. the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this fiscal mess cleaned up. the president tried to have a different message. he is trying to say he is optimistic and thinks that when everyone has their say here over the next few days they are finally going to get a deal. take a listen. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> now, the president expres
cliff. the president says he is optimistic that republicans will cut a deal to keep middle class taxes from going up 26 days from now. leaders in the g.o.p. say the president is forgetting about the other part of the deal. the spending cuts. let's get to ed henry live for us tonight. ed, what else did the president have to say today? >> well, shep, there is so much pessimism from the myan calendar and predictions i suppose to predictions congress can't get its act together and get this...
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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alisyn: the fiscal cliff in particular. >> we got to the fiscal cliff because you had a bunch of republicans who wanted not to work with this president. now you've got republicans all of a sudden saying they are not going to take tax pledges like grover more question is wants, they are open to revenue enhancement. if they had said that two years ago or one year ago moody's wouldn't have lowered the pwhopbd ratinbond rating of the united states. they've created such uncertainty. alisyn: now that we are at the 11th hour where do you think we are now. >> i know that alan hasn't had a lot of private conversations with republican lawmakers, but take it from somebody who has. >> you don't know. >> these guys feel he will feel stymied, frustrated. they are not in the door. it's not even about compromising, that isn't even the right word. open the door, let's sit down and try to bargain and negotiate. he doesn't do that. alisyn: moving back to what the singer from the fray say. wouldn't it help for the president to invite the republicans instead of this adversarial conference room table, why not go
alisyn: the fiscal cliff in particular. >> we got to the fiscal cliff because you had a bunch of republicans who wanted not to work with this president. now you've got republicans all of a sudden saying they are not going to take tax pledges like grover more question is wants, they are open to revenue enhancement. if they had said that two years ago or one year ago moody's wouldn't have lowered the pwhopbd ratinbond rating of the united states. they've created such uncertainty. alisyn:...
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. >> on the republican side, how would a vote on either the fiscal cliff or raising the debt ceiling help the gop make their case? i am not entirely sure that it would. i am not sure hal and effective issue it would be pure >> the houses out now -- it would be. >> the house is out now. >> there is no public indication. you talk with some senators who yesterday were saying that not a lot is going on, more privately them publicly. but since then, we know that president obama and steve [indiscernible] spoke yesterday evening. the fact that neither side is leaking what happened on that call, you might say that they are trying to get back on track. they know that if they leak each other's confrontations, that is not good. there are only two participating really in this negotiation. and if they choose not to leak out that information widely, it is a speculation. >> what is the handle and how quickly could be brought -- what is the end goal and how quickly could be brought up for a vote? >> the goal is a down payment or some kind of thing for revenues, which is enough to get us past the fis
. >> on the republican side, how would a vote on either the fiscal cliff or raising the debt ceiling help the gop make their case? i am not entirely sure that it would. i am not sure hal and effective issue it would be pure >> the houses out now -- it would be. >> the house is out now. >> there is no public indication. you talk with some senators who yesterday were saying that not a lot is going on, more privately them publicly. but since then, we know that president...
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it is that extension, beyond six months, that we are talking about with the fiscal cliff talks. host: that is what might be cut? guest: that is what automatically expires. president obama said as part of the deal i want to make, those benefits should continue. republicans have not taken a firm stand, but we have seen in the past that obama has had it a deal on taxes to get the benefits extended. host: what specific benefits to these programs provide? guest: usually some kind of cash benefit, help you search for a job. it is about $300 per week. sometimes it varies by state. host: and how are the programs funded? guest: by payroll taxes. you pay payroll taxes to the state and federal government. it does to a federal trust, and state administers the program and the money goes to the unemployed. host: talk about qualification for unemployment insurance. what do people have to me to apply, how are they selected? at guest: generally, you have to have a year of earnings over a certain threshold and you have to be let go from a job. the way the structure works, it is hard to say if you
it is that extension, beyond six months, that we are talking about with the fiscal cliff talks. host: that is what might be cut? guest: that is what automatically expires. president obama said as part of the deal i want to make, those benefits should continue. republicans have not taken a firm stand, but we have seen in the past that obama has had it a deal on taxes to get the benefits extended. host: what specific benefits to these programs provide? guest: usually some kind of cash benefit,...